Long Island Partnership Housing Development Fund Co Inc
Long Island Partnership Housing Development Fund Co Inc shows fluctuating revenues and expenses with declining assets over the past decade.
EIN: 112911043 · Hauppauge, NY · NTEE: L200 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.6M |
| Total Expenses | $1.3M |
| Program Spending | 80% |
| Net Assets | $2.7M |
| Transparency Score | 75/100 |
Is Long Island Partnership Housing Development Fund Co Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Long Island Partnership Housing Development Fund Co Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Long Island Partnership Housing Development Fund Co Inc
Long Island Partnership Housing Development Fund Co Inc (EIN: 112911043) is a nonprofit organization based in Hauppauge, NY, classified under NTEE code L200. The organization reported total revenue of $2.6M and total assets of $3.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Long Island Partnership Housing Development Fund Co Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Long Island Partnership Housing Development Fund Co Inc is a mid-size nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -8.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.3M |
| Surplus / Deficit | $-39,030 |
| Total Assets | $2.8M |
| Total Liabilities | $82K |
| Net Assets | $2.7M |
| Operating Margin | -3.2% |
| Debt-to-Asset Ratio | 2.9% |
| Months of Reserves | 26.5 months |
Financial Health Grade: B
In 2023, Long Island Partnership Housing Development Fund Co Inc reported a deficit of $39K with expenses exceeding revenue, holds 26.5 months of operating reserves (strong position), has a debt-to-asset ratio of 2.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Long Island Partnership Housing Development Fund Co Inc's revenue has declined at a compound annual growth rate (CAGR) of -8.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -26.7% | +1.3% | -0.4% |
| 2022 | +1773.7% | +872.7% | +15.5% |
| 2021 | -93.8% | -87.1% | -2.4% |
| 2020 | +41.7% | +2.7% | +7.7% |
| 2019 | -29.7% | -42.9% | -35.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Long Island Partnership Housing Development Fund Co Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Long Island Partnership Housing Development Fund Co Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $39K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.9%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is a strong positive for minimizing administrative costs relative to the organization's size and revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Long Island Partnership Housing Development Fund Co Inc's IRS 990 filings:
- Significant decline in total assets over the past decade (from $7.5M in 2014 to $2.8M in 2023)
- Inconsistent revenue generation relative to expenses, with several years showing expenses exceeding revenue (e.g., 2023, 2021, 2018, 2017, 2016, 2014).
Strengths
The following positive indicators were identified for Long Island Partnership Housing Development Fund Co Inc:
- Consistent reporting of 0% officer compensation, indicating low executive overhead.
- Significant reduction in liabilities over the past decade, improving the balance sheet.
- Positive net assets, with assets ($2,803,822 in 2023) substantially exceeding liabilities ($81,951 in 2023).
Frequently Asked Questions about Long Island Partnership Housing Development Fund Co Inc
Is Long Island Partnership Housing Development Fund Co Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Long Island Partnership Housing Development Fund Co Inc (EIN: 112911043) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Long Island Partnership Housing Development Fund Co Inc spend its money?
Long Island Partnership Housing Development Fund Co Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Long Island Partnership Housing Development Fund Co Inc tax-deductible?
Long Island Partnership Housing Development Fund Co Inc is registered as a tax-exempt nonprofit (EIN: 112911043). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Long Island Partnership Housing Development Fund Co Inc's spending goes to programs?
Long Island Partnership Housing Development Fund Co Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Long Island Partnership Housing Development Fund Co Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Long Island Partnership Housing Development Fund Co Inc is above average for NTEE category L200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Long Island Partnership Housing Development Fund Co Inc located?
Long Island Partnership Housing Development Fund Co Inc is headquartered in Hauppauge, New York and files with the IRS under EIN 112911043. It is classified under NTEE code L200.
How many years of IRS 990 filings does Long Island Partnership Housing Development Fund Co Inc have?
Long Island Partnership Housing Development Fund Co Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.6M in total revenue.
Is Long Island Partnership Housing Development Fund Co Inc financially stable?
The organization's financial stability shows variability. While it has positive net assets ($2,803,822 assets vs $81,951 liabilities in 2023), its revenue has not consistently covered expenses in all periods (e.g., 2023, 2021, 2018, 2017, 2016, 2014), and total assets have significantly decreased from $7.5 million in 2014 to $2.8 million in 2023.
How has the organization's asset base changed over time?
The organization's assets have seen a substantial decline, from a peak of $7,514,093 in 2014 to $2,803,822 in 2023, representing a decrease of over 60%.
What is the trend in the organization's liabilities?
Liabilities have generally decreased significantly over the decade, from $5,426,135 in 2014 to $81,951 in 2023, which is a positive trend indicating reduced financial obligations.
Does the organization pay its officers?
Based on the available IRS 990 data, the organization consistently reports 0% officer compensation across all filings from 2014 to 2023.
Filing History
IRS 990 filing history for Long Island Partnership Housing Development Fund Co Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Long Island Partnership Housing Development Fund Co Inc's revenue has declined by 67.3%, moving from $3.8M to $1.2M. Total assets decreased by 69.1% over the same period, from $9.1M to $2.8M. Total functional expenses fell by 65.4%, from $3.7M to $1.3M. In its most recent filing year (2023), Long Island Partnership Housing Development Fund Co Inc reported a deficit of $39K, with expenses exceeding revenue. The organization holds $82K in liabilities against $2.8M in assets (debt-to-asset ratio: 2.9%), resulting in net assets of $2.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.3M | $2.8M | $82K | — | — |
| 2022 | $1.7M | $1.3M | $2.8M | $123K | — | View 990 |
| 2021 | $90K | $129K | $2.4M | $48K | — | View 990 |
| 2020 | $1.4M | $1.0M | $2.5M | $62K | — | — |
| 2019 | $1.0M | $975K | $2.3M | $352K | — | View 990 |
| 2018 | $1.4M | $1.7M | $3.6M | $1.7M | — | View 990 |
| 2017 | $825K | $841K | $4.5M | $2.3M | — | — |
| 2016 | $1.5M | $1.6M | $5.0M | $2.8M | — | View 990 |
| 2015 | $2.0M | $1.8M | $5.8M | $3.6M | — | View 990 |
| 2014 | $2.7M | $2.7M | $7.5M | $5.4M | — | View 990 |
| 2013 | $844K | $728K | $7.5M | $5.4M | — | View 990 |
| 2012 | $2.4M | $2.5M | $7.4M | $5.4M | — | View 990 |
| 2011 | $3.8M | $3.7M | $9.1M | $7.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.3M, and assets of $2.8M (revenue -26.7% year-over-year).
- 2022: Revenue of $1.7M, expenses of $1.3M, and assets of $2.8M (revenue +1773.7% year-over-year).
- 2021: Revenue of $90K, expenses of $129K, and assets of $2.4M (revenue -93.8% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.0M, and assets of $2.5M (revenue +41.7% year-over-year).
- 2019: Revenue of $1.0M, expenses of $975K, and assets of $2.3M (revenue -29.7% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.7M, and assets of $3.6M (revenue +74.9% year-over-year).
- 2017: Revenue of $825K, expenses of $841K, and assets of $4.5M (revenue -46.1% year-over-year).
- 2016: Revenue of $1.5M, expenses of $1.6M, and assets of $5.0M (revenue -21.8% year-over-year).
- 2015: Revenue of $2.0M, expenses of $1.8M, and assets of $5.8M (revenue -26.4% year-over-year).
- 2014: Revenue of $2.7M, expenses of $2.7M, and assets of $7.5M (revenue +215.1% year-over-year).
- 2013: Revenue of $844K, expenses of $728K, and assets of $7.5M (revenue -65.4% year-over-year).
- 2012: Revenue of $2.4M, expenses of $2.5M, and assets of $7.4M (revenue -35.1% year-over-year).
- 2011: Revenue of $3.8M, expenses of $3.7M, and assets of $9.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Long Island Partnership Housing Development Fund Co Inc:
Data Sources and Methodology
This transparency report for Long Island Partnership Housing Development Fund Co Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.